On the morning of 16 April 2014, the ferry MV Sewol sank while en route from Incheon towards Jeju City in South Korea. The 6,825-ton vessel sent a distress signal from about 2.7 kilometres north of Byeongpungdo at 08:58 KST. From Wikipedia
The administration committed to comprehensive victim compensation with sweeping safety reforms to address state oversight failures in major disasters.